1354 S Talbott St - Apartments FOR SALE


Indianapolis, IN 46225
$2,100,000 USD
317-804-1795
1354 S Talbott St, Indianapolis, IN for Sale
$2,100,000 USD
Apartments - FOR SALE
1/12
null | 5.9% Cap Rate

1354 S Talbott St
Indianapolis, IN 46225


HIGHLIGHTS

  • Townhome Construction
  • Less Than 1 Mile to Downtown Indianapolis
  • Off Street Paved Parking
  • 100% Occupancy
  • Community Green Space

OVERVIEW

Gardner Property Group exclusively presents Old Southside Townhomes portfolio. The portfolio is comprised of two sites of identical construction with 11 two bed units and 5 three bed units. Current ownership has spent over $400,000 in capital improvements since acquisition including full interior renovations, HVAC replacements, and a new roof on Talbott St. The property’s close proximity to Downtown Indianapolis and easy access to I-70 has helped establish and maintain a low historical vacancy. The newer vintage provides a low operating expense ratio. Few quality multifamily housing is available in this part of Indianapolis making Old Southside Townhomes a coveted living experience! Available for sale as a package with 236 Wisconsin St.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,333

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

D8

APN/PARCEL ID

49-11-13-146-102.000-101

ASK ABOUT THIS PROPERTY

Cory GardnerGardner Property GroupMore Info
317-804-1795

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Cory GardnerGardner Property GroupMore Info
317-804-1795

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.